Days After Calling The CHIPS Act A 'Horrible Thing,' Donald Trump Sets Up New Entity For 'Negotiating Much Better...Deal [View all]
Source: Benzinga
April 1, 2025 8:47 AM 4 min read
Days After Calling The CHIPS Act A 'Horrible Thing,' Donald Trump Sets Up New Entity For 'Negotiating Much Better...Deals:' Here's More
by Rishabh Mishra
President Donald Trump has set up a new body within the Commerce Department to manage the CHIPS and Science Act, 2022.
What Happened: A new entity, the United States Investment Accelerator within the Commerce Department, will now oversee the CHIPS Act program, as established by an executive order signed by Trump on Monday.
Despite Trump’s past criticism of the bipartisan legislation, the White House said in its fact sheet that the new office will focus on “negotiating much better CHIPS Act deals” and streamlining investment processes through reduced regulatory burdens and faster permitting.
According to the Semiconductor Industry Association, the CHIPS Program has granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies across 23 states.
However, the new entity — Investment Accelerator that will be controlling the CHIPS Act, ...
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Read more: https://www.benzinga.com/government/regulations/25/04/44584283/days-after-calling-the-chips-act-a-horrible-thing-donald-trump-sets-up-new-entity-for-negotiating-much-better-deals-heres-more
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